“Three years ago, our country was experiencing an enormous boom in the stock market. Everyone in this country was buying stock like dogs chasing a meat wagon. Billy, do you know what I was buying during those great times?” A little confused, Billy shrugged his shoulders. Looking down at the briefcase, George paused and said, “Those bonds right there. I could have been following the crowd of greedy investors and buying stocks, but I knew they were overvalued. As a result, bonds were actually a better investment despite the opinions of most people.”
